07/12/19 02:00 UTC-6
Canadian government-backed Great North Data Bitcoin miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation.
Details company filed for bankruptcy, with debt to creditors of more than $10 million.
Great North Data went bankrupt
According to local media reports, the company has $3.5 million worth of assets at its disposal, and total debt to creditors is about $10 million. Creditors include federal and local governments that have provided financial support to Great North Data centers.
The exact reasons explaining why the company went bankrupt are unknown, but recent reports show that Great North Data has faced many complaints about its operations. Excessive use of electricity, staffing and violation of noise regulations in Canada.
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- As you know, the Great North Data website is currently offline.
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